On the record
The only power they derived from corporation not granted to all citizens was to issue notes as money, and this power was not necessary to their business or essential to their profit.
Source
gutenberg.orgThe only power they derived from corporation not granted to all citizens was to issue notes as money, and this power was not necessary to their business or essential to their profit.
Sherman critiques the unnecessary power of corporations to issue notes, arguing it is not essential for their business.
Share
More from John Sherman
He theorizes about coercing a state when he should be enforcing the laws against rebellious citizens.
It was the same old story of injustice and wrong, of might against right.
What a pity, he said, it would have been if so great a country as the United States had been disrupted on account of slavery.
Resolved, That the people who constitute the supreme power in the United States, should guard with jealous care the rights of the several states, as independent governments.